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SKTTanger Inc.
$39.91$4.6B
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SKT logoTanger Inc.(SKT)Earnings, Financials & Key Ratios

SKT•NYSE•REIT / Real Estate
$39.91
39.9× P/E·Price updated Jul 7, 2026
SectorReal EstateIndustryRetail REITsSub-IndustryMalls and Outlet Centers
AboutTanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies.Show more
  • Revenue$582M+10.5%
  • FFO$266M+12.0%
  • FFO/Share2.32+8.6%
  • FFO Payout49.75%-1.8%
  • FFO per Share2.32+8.6%
  • NOI Margin17.73%-74.6%
  • FFO Margin45.7%+1.3%
  • ROE16.23%+4.6%
  • ROA4.56%+8.7%

SKT Price & Volume

Tanger Inc. (SKT) stock price & volume — 10-year historical chart

Loading chart...

Strategic Portfolio Pivot Faces Margin Volatility Headwinds

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Retail tenant concentration risk

Key Thesis Takeaways

  • Tanger Inc.
  • is successfully executing a strategic transition toward open-air lifestyle centers, evidenced by a 10.55% year-over-year revenue growth rate.
  • However, investors should remain cautious as the recent contraction in NOI margins to 15.3% in 2026Q1 and significant fluctuations in recurring capital expenditures create uncertainty regarding long-term cash flow stability.
  • While the company has bolstered its liquidity with $263.2 million in cash, the elevated debt-to-equity ratio of 2.80 warrants close monitoring of future capital allocation efficiency.

Verdict Logic

while FFO per share grew by 21.8% in 2026Q1, the volatility in AFFO and the high P/E ratio of 40.49 suggest that the current valuation may already price in significant operational improvements.

SKT Growth Metrics

Tanger Inc. (SKT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.84%
5 Years8.32%
3 Years9.53%
TTM10.88%

Profit CAGR

10 Years-5.92%
5 Years-
3 Years11.83%
TTM29.83%

EPS CAGR

10 Years-7.58%
5 Years-
3 Years9.1%
TTM28.57%

Return on Capital

10 Years6.88%
5 Years6.23%
3 Years6.78%
Last Year7.38%

SKT Recent Earnings

Tanger Inc. (SKT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.59+130.1%
$0.26
Rev
$144M+0.4%
$143M
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$0.63+145.6%
$0.26
Rev
$151M+5.5%
$143M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.60+3.4%
$0.58
Rev
$145M-0.5%
$146M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$0.58+3.6%
$0.56
Rev
$141M+1.3%
$139M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.59vs $0.26+130.1%
$144Mvs $143M+0.4%
Q1 2026Feb 24, 2026
$0.63vs $0.26+145.6%
$151Mvs $143M+5.5%
Q4 2025Nov 4, 2025
$0.60vs $0.58+3.4%
$145Mvs $146M-0.5%
Q3 2025Aug 4, 2025
$0.58vs $0.56+3.6%
$141Mvs $139M+1.3%
Based on last 12 quarters of dataView full earnings history →

Latest SKT News

Recent stock market news and headlines for Tanger Inc. (SKT)

Business Wire·Jun 30, 2026
Tanger Schedules Second Quarter 2026 Earnings Release and Conference Call

GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger® (NYSE: SKT), a leading owner and operator of outlet and other open-air retail shopping destinations, announced today that its financial results for the quarter ended June 30, 2026 will be released on Tuesday, August 4, 2026 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Wednesday, August 5, 2026 at 8:30 a.m. Eastern Time. The conference call will be available to the public thro.

24/7 Wall Street·Jun 26, 2026
Retail REIT CEO Says Consumer Traffic and Demand Have Strengthened Since the Start of 2026

Stephen Yalof, CEO of Tanger (NYSE:SKT | SKT Price Prediction), a retail REIT that owns and operates outlet shopping centers across the U.S.

Zacks Investment Research·Jun 19, 2026
Tanger (SKT) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?

Peers Comparison

Key metrics vs top competitors for Tanger Inc. (SKT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SKT logoSKTTanger Inc.Current
$39.91$4.58B39.9110.55%19.74%16.23%2.89%
SPG logoSPGSimon Property Group, Inc.
$227.19$73.8B16.076.72%70.4%97.99%—
MAC logoMACThe Macerich Company
$25.49$6.63B-33.1010.58%-18.18%-7.13%—
CBL logoCBLCBL & Associates Properties, Inc.
$53.53$1.66B12.3312.18%29.62%50.39%—
O logoORealty Income Corporation
$64.01$59.69B54.719.07%18.94%2.8%—
NNN logoNNNNNN REIT, Inc.
$47.44$9.03B22.926.55%41.38%8.81%—

Compare SKT vs Peers

Tanger Inc. (SKT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SPG

Most directly comparable listed peer for SKT.

Scale Benchmark

vs AMT

Larger-name benchmark to compare SKT against a more recognizable public peer.

Peer Set

Compare Top 5

vs SPG, MAC, CBL, O

SKT SEC Filings & Documents

Tanger Inc. (SKT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 8, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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SKT Frequently Asked Questions

Tanger Inc. (SKT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Tanger Inc.'s revenue?

Tanger Inc. (SKT) reported $596.6M in revenue for fiscal year 2025. This represents a 690% increase from $75.5M in 1996.

How fast is Tanger Inc. growing?

Tanger Inc. (SKT) grew revenue by 10.5% over the past year. This is steady growth.

Is SKT profitable?

Yes, Tanger Inc. (SKT) is profitable, generating $123.8M in net income for fiscal year 2025 (19.7% net margin).

Dividend & Returns
Does SKT pay dividends?

Yes, Tanger Inc. (SKT) pays a dividend with a yield of 2.89%. This makes it attractive for income-focused investors.

What is SKT's return on equity?

Tanger Inc. (SKT) has a return on equity (ROE) of 16.2%. This is reasonable for most industries.

Industry Metrics
What is Tanger Inc.'s FFO?

Tanger Inc. (SKT) generated Funds From Operations (FFO) of $278.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in SKT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →